Millions of Americans set to lose unemployment benefits during holiday season

@worf. Our monetary system is debt based(you can verify this by googling modern
money mechanics or money as debt). The federal reserve "primary"
responsibility is monetary policy and full employment. They hope to achieve this
buy buying treasury bonds which puts more reserves in the banking system. As the
result of more reserves banks can create ten times the amount of reserves by
lending the newly created money.

The problem is that quantitive
easing(treasury bond buying) only will work when there is a demand for
borrowing. Right now there isn't a strong demand for borrowing which
essentially means our money supply is shrinking on a micro level. The only way
to restore our economy is for the government to borrow money and try to infuse
it at the micro level to get people borrowing money again. So far it has been a
mixed bag because of politics and a missed opportunity of purely putting the
stimulus into infrastructure projects only.

I don't agree with
our monetary system but advocating austerity doesn't work in a debt based
system.

worfMcallen, TX

Dec. 1, 2012 9:25 a.m.

Obama once said:

* I will cut the deficit in half* George
Bush is irresponsible and Un-Patriotic for increasing the deficit.

Now in four years, the debt has increased sixty percent, and another 1.6
trillion (six thousand dollars per every American) is wanted with new taxes.

Will some of those people who voted for Barack, please give an
explanation. I really would like to know. This is something I really don't
understand.

lost in DCWest Jordan, UT

Nov. 30, 2012 9:16 a.m.

Makid,

congrats on getting your job. I hope you do well there.

We had a good option for putting more people back to work, but earlier
this month just over half of us chose another way, the way of government
dependency.

worfMcallen, TX

Nov. 28, 2012 11:47 p.m.

Permits to open oil drilling, lowering corporate taxes, easing regulations, and
Canadian oil pipeline. This would have created millions of jobs.

May
our liberal friends get what they voted for.

DVDTaylorsville, 00

Nov. 28, 2012 9:15 p.m.

"While people might disagree about the best use of government money, the
argument that unemployment insurance disincentivizes job seeking doesn't
hold up to scrutiny, according to a recent study. The federal program requires
recipients to search for jobs. The study, by the Congress Joint Economic
Committee, indicated that recipients of unemployment benefits look harder for
jobs than those who don't receive benefits."

MakidKearns, UT

Nov. 28, 2012 3:12 p.m.

What is sad is there are many people that think like plyxply in that all people
on unemployment are lazy and not trying to find employment.

I was
unemployed for nearly 10 months. I was looking for work each day. I spent on
average 10 hours each day looking. It took nearly 10 months of 10 hour days 7
days a week to find employment.

Unemployment isn't a lifetime
thing, it is there to assist people actively looking for employment. Without
this service, crime would increase, homelessness would increase and the burden
would increase on everyone else.

While on unemployment, they are able
to limit the dependency on others. In Utah, the maximum benefit after taxes is
$1250 monthly. That's it. You don't get more but you could get
less.

One thing that most people don't realize, unemployment
does end. The maximum time a person can be on unemployment is 6 months without
Federal assistance. That is capped at 99 Weeks. No one can go beyond this. It
just doesn't happen. There are places in the country where people have
been looking for work for more than 3 years, no unemployment and no money to
move. But it's their fault.